Envestnet Portfolio Solutions Inc. Invests $1.40 Million in First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG)

Envestnet Portfolio Solutions Inc. purchased a new position in First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 40,523 shares of the company’s stock, valued at approximately $1,399,000. Envestnet Portfolio Solutions Inc. owned approximately 27.01% of First Trust Active Factor Large Cap ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC purchased a new stake in shares of First Trust Active Factor Large Cap ETF during the fourth quarter valued at approximately $242,000. Avantax Advisory Services Inc. bought a new position in First Trust Active Factor Large Cap ETF in the 4th quarter valued at approximately $542,000. Atria Investments Inc purchased a new stake in First Trust Active Factor Large Cap ETF during the 4th quarter valued at $1,385,000. Assetmark Inc. purchased a new position in shares of First Trust Active Factor Large Cap ETF in the fourth quarter worth $5,503,000. Finally, Gentry Private Wealth LLC bought a new position in shares of First Trust Active Factor Large Cap ETF during the fourth quarter valued at $1,865,000.

First Trust Active Factor Large Cap ETF Price Performance

First Trust Active Factor Large Cap ETF stock opened at $33.73 on Friday. First Trust Active Factor Large Cap ETF has a one year low of $29.11 and a one year high of $36.53. The business’s fifty day moving average is $35.02 and its 200 day moving average is $34.74. The stock has a market capitalization of $199.01 million, a PE ratio of 20.88 and a beta of 0.99.

About First Trust Active Factor Large Cap ETF

The First Trust Active Factor Large Cap ETF (AFLG) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed portfolio of factor-focused US large-cap companies seeking capital appreciation. AFLG was launched on Dec 3, 2019 and is managed by First Trust.